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Transportation Management System: Meaning, Importance, and Benefits

Transportation Management System: Meaning, Importance, and Benefits

Transportation management systems help manage various transportation activities such as shipping, tracking, and delivery. A transportation management system (TMS) benefits businesses by providing cost savings, improved efficiency, and enhanced visibility into transportation operations.  Let’s explore the meaning of a transportation management system, the importance of transportation management, and the benefits that a transportation management system […]

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Bulk Cargo: Definition, Containers, and Handling

Bulk Cargo: Definition, Containers, and Handling

Bulk cargo poses unique handling and transportation challenges, due to its volume and weight. Effective bulk cargo handling requires a comprehensive understanding of the specific materials in transit and the appropriate storage, handling, and transportation methods to ensure safety and efficiency throughout the transaction. Container handling systems quickly and efficiently unload, load, and handle bulk […]

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Bonded Warehouse: Definition, Classes, and Benefits

Bonded Warehouse: Definition, Classes, and Benefits

International trade has increased by about 3.5% from the previous year, reflecting a trend that has been growing over several years. The increase in international shipping can be attributed in part to a growing global economy, which has introduced several new business opportunities. However, inventory storage remains a limiting factor as some products are fragile […]

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Warehouse Slotting: Definition, Benefits, and Best Practices

Warehouse Slotting: Definition, Benefits, and Best Practices

Planning and organization are the cornerstones of a successful warehouse. When a company’s inventory products are in their proper locations, pickers can quickly assemble and dispatch orders, increasing productivity and overall efficiency. This article explains warehouse slotting, its benefits, and best practices. What Is Slotting? Slotting refers to organizing warehouse inventory to maximize the efficiency […]

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What is Outsourcing? Definition, Advantages, and Examples

What is Outsourcing? Definition, Advantages, and Examples

Many businesses have successfully adopted outsourcing processes into various aspects of their logistics and supply chain operations. Outsourcing all or part of these functions can improve efficiency and in some cases, reduce costs. This article describes the concept of outsourcing, as well as the pros, cons, and examples of outsourced functions. This information is intended […]

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Supply Planning: Definition, Process, and Best Practices

Supply Planning: Definition, Process, and Best Practices

Supply planning is a business management tool that impacts supply, demand, and inventory levels. Retailers use supply chain planning systems to provide projected demand for products and materials needed to support those demands.  The process is designed to balance plans for future demand with the availability of goods in inventory. Supply planning helps companies determine […]

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Plastic vs. Wood Pallets: Key Differences and Comparisons

Plastic vs. Wood Pallets: Key Differences and Comparisons

Pallets are flat platforms used as a base for storing, stacking, handling, and transporting goods and products. Their design allows for lifting by a pallet jack, forklift, or other material-handling equipment. This design facilitates the efficient movement of goods through the supply chain, enabling easy loading and unloading onto trucks, ships, and other vehicles. Plastic […]

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Proforma vs. Commercial Invoice: Definitions, Examples, and Differences

Proforma vs. Commercial Invoice: Definitions, Examples, and Differences

There are significant differences between a proforma and a commercial invoice. Both documents look alike, so it is important to know how to differentiate one from the other. What Is a Proforma Invoice? A proforma invoice may answer a letter of inquiry from a potential buyer or provide the terms of a final invoice, so […]

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Order Fulfillment: Meaning, Process, and How To Optimize

Order Fulfillment: Meaning, Process, and How To Optimize

Order fulfillment is a crucial part of the overall sales process. The process of order fulfillment can be complex and time-consuming. However, it can be optimized with the right strategies and ultimately improve customer satisfaction, increase repeat business, and reduce costs. Let’s review the meaning, process, and ways to optimize order fulfillment for your business. […]

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Discrete Manufacturing: Definition, Benefits, and Examples

Discrete Manufacturing: Definition, Benefits, and Examples

In the past, manufacturing tended to involve long assembly lines with armies of workers playing a part in creating the finished products. This description fits well for conventional manufacturing industries. However, with rapid technological advancements, various alternative manufacturing options exist now. Discrete manufacturing is one of the most prevalent manufacturing processes that utilize a production […]

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